The 'Cyprus' Of Bitcoinhttp://www.businessinsider.com/mt-gox-the-cyprus-of-coin-2014-2/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 11:27:05 -0400Joe Weisenthalhttp://www.businessinsider.com/c/5303ad9f6bb3f79126c3bf44flakesobranTue, 18 Feb 2014 13:59:43 -0500http://www.businessinsider.com/c/5303ad9f6bb3f79126c3bf44
Yes and no. You need a stock exchange to facilitate the trade of a stock. Whereas with Bitcoin, the exchange is just a convenient place to meet up and exchange the coins. It is a subtle difference but it is important.
Bitcoin's aren't nearly as dependent on any exchange as a stock is. It is like there were a hundred NASDAQs and if one went down you could simply say "Oh, no problem" move all your shares in the blink of an eye to another exchange and keep trading.http://www.businessinsider.com/c/5303916d69beddfc0775cd7eMeatbone9Tue, 18 Feb 2014 11:59:25 -0500http://www.businessinsider.com/c/5303916d69beddfc0775cd7e
Right. If the stock exchange stopped working it has nothing to do with the price of the stocks...being able to actually get your money in and out shouldn't affect the pricing. HAhttp://www.businessinsider.com/c/53030bc1ecad04ca1dbfe969Bitcoin GuruTue, 18 Feb 2014 02:29:05 -0500http://www.businessinsider.com/c/53030bc1ecad04ca1dbfe969
I know, right? Damn, I'm smart! Let's laugh at all the paupers who are too stupid to understand the Bitcoin miracle.http://www.businessinsider.com/c/530308356bb3f743685eee17jacob.griffin.5682Tue, 18 Feb 2014 02:13:57 -0500http://www.businessinsider.com/c/530308356bb3f743685eee17
Thank you Bitcoin Guru. Without your guidance, surely I would be lost.http://www.businessinsider.com/c/530305b9eab8ea3c047ce584Bitcoin GuruTue, 18 Feb 2014 02:03:21 -0500http://www.businessinsider.com/c/530305b9eab8ea3c047ce584
Don't be harsh on yourself, Jacob. You're not stupid, you're a genius. Just like me. Ignore the trolls who have no clue about the upcoming Bitcoin revolution. I don't even think they know Bitcoin is based on fancy math.http://www.businessinsider.com/c/530304bc6da8118d09896af5Not yetTue, 18 Feb 2014 01:59:08 -0500http://www.businessinsider.com/c/530304bc6da8118d09896af5
They haven't found the 100,000 suckers needed to buy their bitcoins.http://www.businessinsider.com/c/530303f269beddc464af6a29jacob.griffin.5682Tue, 18 Feb 2014 01:55:46 -0500http://www.businessinsider.com/c/530303f269beddc464af6a29
Anyone who trusted Mt. Gox after april of 2013 was a fool.http://www.businessinsider.com/c/5303036e69bedd4061af6a27Bitcoin GuruTue, 18 Feb 2014 01:53:34 -0500http://www.businessinsider.com/c/5303036e69bedd4061af6a27
Count to ten and relax, Jacob. I'm sure Mt.Gox will release your Bitcoins stuck in limbo eventually. You have nothing to worry about. Mark Karpeles pinky promised it.http://www.businessinsider.com/c/5302ffe6eab8ea7d737ce585jacob.griffin.5682Tue, 18 Feb 2014 01:38:30 -0500http://www.businessinsider.com/c/5302ffe6eab8ea7d737ce585
Oh, damn. I guess wasn't in before the trolls started with their usual tune.http://www.businessinsider.com/c/5302fd7e6bb3f7ca455eee1fjacob.griffin.5682Tue, 18 Feb 2014 01:28:14 -0500http://www.businessinsider.com/c/5302fd7e6bb3f7ca455eee1f
More Garbage from the moron who changed his mind about bitcoin near its previous high. I don't know about the "cyprus of bitcoin" but the cyprus of Europe was one of the factors that drove the price early on. Not that facts matter here.
In before... PONZI SCHEME, BEANIE BABIES, TULIPS!!!http://www.businessinsider.com/c/5302e8c6ecad044126bfe965kentogMon, 17 Feb 2014 23:59:50 -0500http://www.businessinsider.com/c/5302e8c6ecad044126bfe965
Huge BC issue is that any programmer at Mt. Gox who knows if they will fix it can double is money. Trade on inside infohttp://www.businessinsider.com/c/5302c017eab8ea250e7ce580 r cohnMon, 17 Feb 2014 21:06:15 -0500http://www.businessinsider.com/c/5302c017eab8ea250e7ce580
At least in 1624 with tulip bulbs,you had something to eat after prices collapsed.With bitcoin ,you will have ziphttp://www.businessinsider.com/c/5302bb8569bedd3361af6a25BitcoinMon, 17 Feb 2014 20:46:45 -0500http://www.businessinsider.com/c/5302bb8569bedd3361af6a25
Broken is an overstatement, but there are indeed quite a few problems with Bitcoin, some more serious than others:
<a href="https://en.bitcoin.it/wiki/Weaknesses" target="_blank" rel="nofollow" >https://en.bitcoin.it/wiki/Weaknesses</a>
<a href="https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures" target="_blank" rel="nofollow" >https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures</a>
This is very unlikely to be a comprehensive list. At its very core, Bitcoin is software and software could potentially be crippled by (still undiscovered) bugs and security vulnerabilities. Transaction malleability is already a problem.http://www.businessinsider.com/c/5302b8a269bedd5c49af6a20barbacoaMon, 17 Feb 2014 20:34:26 -0500http://www.businessinsider.com/c/5302b8a269bedd5c49af6a20
It's too early yet. More bagholders are needed.http://www.businessinsider.com/c/5302b7de69bedd9f53af6a1fitsmeMon, 17 Feb 2014 20:31:10 -0500http://www.businessinsider.com/c/5302b7de69bedd9f53af6a1f
It's not Mt.Gox that's broken... it's bitcoin "technology" that's broken, as it was right from the start.
Expect other exchanges to continue failing, halt withdrawal or just vanish, the trend is just accelerating... and this trend will not be "suckers" friendly.
As with all crash, people will ride it down to ZERO (0000), before admitting in shock that their reasoning was flawed and blurred by greed ...
We're continuing to make the same greed errors for thousand years now... and we still haven't learned any better, yet...
How can't this humble us all, recognizing how pathetic it is ???http://www.businessinsider.com/c/5302b688eab8ea0b6c7ce582KazimirMon, 17 Feb 2014 20:25:28 -0500http://www.businessinsider.com/c/5302b688eab8ea0b6c7ce582
Bitcoin also going strong :) It's just that this particular exchange (which is just an independent 3rd party website) has had some issues. Either if they work out their shit or not, it has essentially nothing to do with Bitcoin.http://www.businessinsider.com/c/5302b2fb6bb3f717435eee1eOnly One BitcoinMon, 17 Feb 2014 20:10:19 -0500http://www.businessinsider.com/c/5302b2fb6bb3f717435eee1e
"For awhile, there was talk about a normal Euro and a Cypriot Euro."
Talk, yes, but it is nonsense in my humble opinion. There are no euros with differing intrinsic properties. If an euro on Cyprus is transferred to Germany, it has just as much freedom and purchasing power as any other euro in Germany. And if an euro in Germany is transferred to Cyprus, it has the same limitations and purchasing power as every other euro on Cyprus. This shows that euros with different intrinsic properties do not exist; it's just an illusion. There's only one euro and Cyprus & Germany have it as their currency. It seems people confuse the (economic) environment in which the currency resides with the currency itself. The euro behaves differently in dissimilar environments, but this is solely due to environmental factors. All of this applies to Bitcoin, too.http://www.businessinsider.com/c/5302a847eab8ea77387ce587dogemasterMon, 17 Feb 2014 19:24:39 -0500http://www.businessinsider.com/c/5302a847eab8ea77387ce587
Dogecoin still going strong...http://www.businessinsider.com/c/5302a2896bb3f70a115eee1bdividistMon, 17 Feb 2014 19:00:09 -0500http://www.businessinsider.com/c/5302a2896bb3f70a115eee1b
Is there an Argentina of Bitcoin?http://www.businessinsider.com/c/5302a2896da811c272896ae7dividistMon, 17 Feb 2014 19:00:09 -0500http://www.businessinsider.com/c/5302a2896da811c272896ae7
Is there an Argentina of Bitcoin?